Swiss National Bank Sells 3,000 Shares of Sanmina Corporation $SANM

Key Points

• The Swiss National Bank has reduced its stake in Sanmina Corporation by 2.8%, now holding approximately 104,500 shares valued at $7,961,000.
• Sanmina's recent quarterly earnings report showed an earnings per share of $1.53, surpassing expectations, and a year-over-year revenue increase of 10.9%.
• Equities analysts have mixed views, with Wall Street Zen downgrading the stock from a "strong-buy" to a "buy," while Bank of America raised the price target from $100 to $120 with a "neutral" rating.

Swiss National Bank reduced its holdings in Sanmina Corporation (NASDAQ:SANM - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,500 shares of the electronics maker's stock after selling 3,000 shares during the period. Swiss National Bank owned about 0.20% of Sanmina worth $7,961,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Earnest Partners LLC lifted its stake in Sanmina by 1.8% in the 4th quarter. Earnest Partners LLC now owns 1,073,818 shares of the electronics maker's stock worth $81,256,000 after acquiring an additional 19,144 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Sanmina by 9.9% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,005,158 shares of the electronics maker's stock worth $76,060,000 after purchasing an additional 90,627 shares during the last quarter. Northern Trust Corp raised its stake in shares of Sanmina by 8.1% during the 4th quarter. Northern Trust Corp now owns 799,430 shares of the electronics maker's stock worth $60,493,000 after purchasing an additional 59,878 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Sanmina by 7.7% during the 1st quarter. Allianz Asset Management GmbH now owns 715,355 shares of the electronics maker's stock worth $54,496,000 after purchasing an additional 51,432 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Sanmina during the 4th quarter worth about $34,868,000. 92.71% of the stock is owned by hedge funds and other institutional investors.

Sanmina Stock Up 1.3%

Shares of NASDAQ SANM traded up $1.43 during mid-day trading on Thursday, reaching $111.04. 341,946 shares of the company traded hands, compared to its average volume of 982,671. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.91. The stock has a market cap of $5.92 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.14. The company's fifty day moving average is $104.85 and its two-hundred day moving average is $89.10. Sanmina Corporation has a fifty-two week low of $62.76 and a fifty-two week high of $125.76.

Sanmina (NASDAQ:SANM - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The electronics maker reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.11. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.98 billion. Sanmina had a return on equity of 11.30% and a net margin of 3.22%.The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 EPS. Sanmina has set its Q4 2025 guidance at 1.520-1.620 EPS. On average, analysts expect that Sanmina Corporation will post 5.15 earnings per share for the current year.

Wall Street Analyst Weigh In

SANM has been the subject of a number of recent research reports. Wall Street Zen downgraded Sanmina from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Bank of America raised their price target on Sanmina from $100.00 to $120.00 and gave the stock a "neutral" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $94.50.

Sanmina Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.